Last $3.46 USD
Change Today 0.00 / 0.00%
Volume 30.1K
MERU On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 5:20 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

meru networks inc (MERU) Snapshot

Open
$3.43
Previous Close
$3.46
Day High
$3.46
Day Low
$3.39
52 Week High
03/6/14 - $4.94
52 Week Low
10/31/13 - $2.93
Market Cap
81.6M
Average Volume 10 Days
85.0K
EPS TTM
$-0.76
Shares Outstanding
23.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MERU NETWORKS INC (MERU)

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meru networks inc (MERU) Details

Meru Networks, Inc., together with its subsidiaries, provides virtualized wireless local area network (LAN) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its virtualized wireless LAN solution is based on its System Director Operating System, which runs on its controllers and access points. The company’s System Director Operating System offers centralized coordination and control of various access points on the network. It also offers controllers that synchronize access points to optimize the user experience and manage traffic on the network; Wi-Fi certified access points, which provides network connectivity for wireless devices; and Identity Manager that simplifies enterprise network access and identity management. In addition, the company provides Meru Networks E(z)RF application suite comprising E(z)RF Network Manager, E(z)RF Service Assurance Manager, and Spectrum Manager, which enable enterprises to configure, monitor, troubleshoot, secure, and operate virtualized wireless LAN solution; and Wireless Intrusion prevention System that detects wireless intrusions with predefined and custom signatures on an integrated platform with other WLAN management applications. Further, it offers SA250 and SA2000 Services Appliances that provides the hardware platform for the company’s applications focused on WLAN management and security. Additionally, the company provides customer support services related to its products, professional services, and training. It serves education, healthcare, hospitality, manufacturing, retail, technology, finance, government, telecom, transportation, and utilities markets. The company sells its products primarily through its sales force, value added resellers, and distributors. Meru Networks, Inc. was founded in 2002 and is headquartered in Sunnyvale, California.

419 Employees
Last Reported Date: 02/28/14
Founded in 2002

meru networks inc (MERU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $760.1K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $270.6K
Senior Vice President of Worldwide Engineerin...
Total Annual Compensation: $255.5K
Vice President and General Manager of Educati...
Total Annual Compensation: $299.8K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $498.9K
Compensation as of Fiscal Year 2013.

meru networks inc (MERU) Key Developments

Georgia World Congress Center Deploys Meru 802.11ac Wi-Fi

Meru Networks announced that the Georgia World Congress Center (GWCC) has deployed Meru 802.11ac Wi-Fi to support high densities of mobile devices used by event exhibitors and attendees in its 3.9 million square-foot facility. GWCC uses Meru E(z)RF(R) Network Manager to provide visibility and control of the network.

Meru Networks, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 02:25 PM

Meru Networks, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 02:25 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Bamdad Bastani, Chief Executive Officer, President and Director, Brian R. McDonald, Chief Financial Officer and Principal Accounting Officer.

Meru Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Meru Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Total revenues for the second quarter of 2014 were $23.6 million, down 10.9% from $26.5 million in the second quarter of 2013. Net loss as reported in accordance with GAAP was $4.2 million for the second quarter of 2014, or a net loss of $0.18 per basic and diluted share, compared to a net loss of $3.1 million, or a net loss of $0.14 per basic and diluted share, for the same period of 2013. The company reported a second quarter 2014 non-GAAP net loss of $3.0 million, or $0.13 loss per basic and diluted share, compared to a non-GAAP net loss of $1.2 million, or $0.05 loss per basic and diluted share, for the same period of 2013. GAAP loss from operations was $3,788,000 against $2,436,000 a year ago. Non-GAAP loss from operations was $11,344,000 against $5,209,000 a year ago. The company recorded a negative cash flow from operations of $5.7 million. The cash flow was unfavorably affected by an extended payment term issued to a large customer during the quarter. For the six months, the company reported total revenue of $44,171,000, loss from operations of $11,344,000, loss before provision for income taxes of $12,052,000, net loss of $12,300,000 or $0.53 per diluted share, non-GAAP net loss of $8,444,000 or $0.36 per diluted share, non-GAAP loss from operations of $7,542,000 against total revenue of $51,186,000, loss from operations of $5,209,000, loss before provision for income taxes of $6,423,000, net loss of $6,650,000 or $0.32 per diluted share, non-GAAP net loss of $3,210,000 or $0.15 per diluted share, non-GAAP loss from operations of $1,856,000 a year ago. Net cash used in operating activities was $9,484,000 against $1,774,000 a year ago. Purchases of property and equipment was $476,000 against $442,000 a year ago. For the third quarter of 2014, the company expects revenues to be in the range Of $23.5 million to $27.5 million. The company expects non-GAAP gross margins to be in the 62.5% to 64.5% range. Based on these estimates, The company expects non-GAAP net loss of $2.5 million to a profit of $0.2 million or a loss of $0.10 per share to a profit of $0.01 per share, based on assumed share count of approximately $23.7 million.

 

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MERU

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Valuation MERU Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 10.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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